Meme Season is Here: A Brief Analysis of PUSY, the BRC20 Token Launched by XEN's Founder
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Meme Season is Here: A Brief Analysis of PUSY, the BRC20 Token Launched by XEN's Founder
PUSY combines meme coins with the recently popular BRC-20 concept, and with Jack Levin's endorsement, PUSY is also seen as Jack Levin's latest new project.
Navigating Web3 tides with focused insightsText: Shiwen, odaily
The surge of PEPE and its wealth-generating effect have once again ignited the crypto community. In the absence of mainstream narratives, meme coins rooted in internet culture and driven by communities have taken on the role of speculative hype. Degens who missed out on meme coins like PEPE and AIDOGE are now searching for the next potential dark horse that could leapfrog ahead.
Last night, Jack Levin, founder of XEN, posted a tweet about the BRC-20 token PUSY. Combining the meme coin trend with the recently popular BRC-20 concept—and boosted by Jack Levin’s endorsement—PUSY is seen as Levin’s latest project. Given the prior success of XEN’s early operations, the PUSY token has quickly drawn significant attention from the community.
Visiting the official PUSY website reveals very limited basic information and a rather simplistic design. The total supply of PUSY tokens is 696,969, with a maximum mint limit of 69 tokens per wallet. The site also includes links for minting and purchasing, as well as a meme generator. Currently, all PUSY tokens have been minted within just 10 hours, with 411 token holders. However, beyond this, the website discloses no further details, plans, or roadmaps.
Nevertheless, PUSY's short-term success aligns perfectly with typical meme coin investment strategies.
First, identifying a meme coin early and establishing a position before widespread buying allows investors to outperform most others. After a day of FOMO fueled by PEPE yesterday, many are eager to discover the next early "dog coin" king. The emergence of PUSY has reignited market frenzy around meme coin speculation. According to data from Unisat, at the time of writing, PUSY’s price started at around $3.5, spiking as high as $17.38 last night—a more than hundredfold increase from mint price. Within the first 30 minutes, it recorded 12,315 transactions, placing it among the top five most traded tokens on the Unisat marketplace.
Second, PUSY has built a certain community foundation and meme culture. Last October, XEN launched and quickly became a sensation in the crypto world, triggering a gas war. Its mechanism—rewarding earlier participants and those who locked up longer with more XEN tokens—led to over a million addresses participating in mining within days.
This operational track record lends credibility to PUSY’s fundamentals. Combined with Jack Levin’s public endorsement, the existing XEN community was effectively funneled into PUSY, creating a strong grassroots base. Additionally, under his tweet, users asked when the BRC-20 version of XEN would be deployed, to which Levin replied “soon,” leading many to believe PUSY might be a trial run toward launching BRC-20 XEN.
After all, for a meme coin, actual utility matters less than compelling narrative and cultural attributes that enable viral spread. Right now, BRC-20 is undoubtedly one of the hottest trends, and numerous projects with established user bases are trying to hop on this “high-speed train.”
Shortly after promoting PUSY, Jack Levin posted another tweet containing the word “Epic.” Influencers quickly surfaced information about an EPIC token launched in March, which has not yet completed minting.
Despite the bullish sentiment, many community members warn that a market crash may be imminent. Historically, the final phase of previous bull runs has often been marked by “meme mania,” and the current scramble for quick riches could likewise prove to be another mirage. Investors are once again reminded to avoid blind FOMO and to always DYOR (Do Your Own Research).
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